Fresh Del Monte Produce Inc. filed SEC Form 8-K: Leadership Update
$FDP
Farming/Seeds/Milling
Consumer Staples
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): January 1, 2026
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(Exact Name of Registrant as Specified in Charter)
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(Address of Registrant's Principal Executive Office)
(305 ) 520-8400
(Registrant’s telephone number including area code)
Please send copies of notices and communications from the Securities and Exchange Commission to:
c/o Del Monte Fresh Produce Company
241 Sevilla Avenue
Coral Gables, Florida 33134
(Address of Registrant's U.S. Executive Office)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
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Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Fresh Del Monte Produce Inc. ("the Company") appointed Mohammed Abbas, 49, as the Company’s President and Chief Operating Officer effective January 1, 2026. Mr. Abbas has served as Executive Vice President and Chief Operating Officer since February 2022. Mr. Abbas previously served as the Company’s Senior Vice President, Asia Pacific and Middle East Region from October 2019 to February 2022. Prior to that time, Mr. Abbas served as the Company’s Vice President, Middle East and North Africa from January 2016 to November 2019.
In connection with his promotion to President and Chief Operating Officer, the Compensation Committee has agreed (i) to increase Mr. Abbas’ base salary from $850,000 to $1,000,000, (ii) to increase Mr. Abbas’ target opportunity under the Senior Executive Annual Incentive Plan from 60% of his base salary to 65% of his base salary and (iii) to increase Mr. Abbas’ cash target under the Long-Term Incentive Plan from 35% of his base salary to 50% of his base salary. Mr. Abbas’ target equity award opportunity remains at 100% of his base salary.
There are no other arrangements or understandings between Mr. Abbas and any other person pursuant to which Mr. Abbas was appointed as President and Chief Operating Officer of the Company. There are also no family relationships between Mr. Abbas and any director or executive officer of the Company, and Mr. Abbas has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Fresh Del Monte Produce Inc. | ||||||||||||||
| Date: | January 7, 2026 | /s/ Monica Vicente | ||||||||||||
| Monica Vicente | ||||||||||||||
| Senior Vice President and Chief Financial Officer | ||||||||||||||